Regulatory Alerts2024-02-26
Guidance for Supplementary Commentary on the Bank Financial Strength Dashboard
The Reserve Bank of New Zealand issues this guidance to regulate the submission of discretionary written commentary for the Bank Financial Strength Dashboard under section 93 of the Reserve Bank of New Zealand Act 1989. Banks must submit factual, accurate text via a secure template by 35 working days after quarter end, focusing on significant variations, revisions, or changes in practice while excluding customer privacy details and internal notes. The Reserve Bank reviews submissions for guideline adherence and data consistency, retaining the right to require revisions or removal of non-compliant content before publication.
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